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Pure Gold Mining Inc is a gold mining company, located in the heart of Red Lake, Ontario, Canada. Its vision is pure and simple, to build a profitable, multi-generational growth company in the world-class gold mining district of Red Lake. With 100%-owned, fully constructed operating PureGold Mine, a multi-million-ounce gold endowment, and significant exploration upside, the company's value... see more

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Red Lake Madsen Mine Ltd > Let the games begin! The sale of Pure Gold Begins!!

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Post by pulcan on Mar 06, 2023 7:04am

Let the games begin! The sale of Pure Gold Begins!!

hi all, Busy week coming as we start with the departure of two main managers and one of them was supposed to help recover the mine. This goes to show we have a new owner coming and time to move on and let the bidding war begin. With Interest rates decision coming again this month with the Federal reserve and Canada this week with another bank rate hike? We will see where this market is going. So right now all i can say is i hope some of you learned from investigating. I mean using the tools like the KSV website and staying on top of my posts from Decemeber. We are ahead always and the news today was late in a sense we already knew what was going on with the $5 million loan. As for the departure of Terry and Bryan is a good sign of new ownership coming. So for this we are on our way and announcement is coming soon. I would not be suprised if this month we find out who is working to buy this mine. Even help on the scopying study as Sprott pays the bill. Talk about a win for us penny shareholders who bought in at one penny or so. for info on the two depatures see link.....https://www.puregoldmining.ca/our-people/management-team/

stay positive as this week will be interesting in the markets.....

also check out Gregory Mannarino's market a look ahead updates....

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Comment by shelby2 on Mar 06, 2023 7:47am

well pulcan this dosnt mean we have a buyer it could also mean they dont need the two enginers because they may be ending this with BR. but i do hope its someone big interested.

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Comment by Sherry35 on Mar 06, 2023 9:33am

I think PeLCAN stated "departure of two main managers" being COO and VP - not engineers. Proabably being vacuumed to other companies by their peers aka employee poaching. Or, they want employment security and/or PGM is streamlining C&M costs. In any event ... I'm going to assume the scoping study is over given the departure of two main managers. And, a decision has been made on ...more

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